TAIWAN PREVIEW: Export Orders Probably Declined for 11th Month
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Weak external demand is likely to keep Taiwan’s export orders under pressure in Feb., economists forecast.
Alert: HALISTER1- Orders fell 10% y/y after declining 12.4% in Jan., according to median est. in Bloomberg survey; ests. range from -11.9% to -5.0%; data due at 4 pm local time on March 21
- Jan. orders were worse than the median est. for 10.5% decline, data released on Feb. 24 showed; 1-mo. USD/TWD NDF closed at 33.335 that day; now at 32.240
- Manufacturing PMI slid to 49.4 last month from 50.6 in Jan., data released on March 1 showed
- Central bank may trim benchmark interest rate to 1.500% from 1.625% at next meeting on March 24, Bloomberg survey shows
Source: BFW (Bloomberg First Word)
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UUID: 7947283